The Sixers filed for tax credits on Friday as part of the process that will help the team build a new practice facility in Camden, New Jersey, a source familiar with the process told CSNPhilly.com. The initial news was first reported by the Associated Press.

According to the source, the Sixers plan to break ground on the new building this October. The organization hopes to have the facility open for basketball personnel sometime between April and June of 2016.

"As part of our due diligence related to a new training center, we have officially filed an application for a site along the New Jersey waterfront in Camden," Sixers CEO Scott O’Neil said in a statement. "We understand the New Jersey Economic Development Authority will be voting on an incentive for a possible facility on the waterfront at their upcoming meeting. We will have more to say on this matter after the EDA vote."

After months of looking at several sites in Philadelphia, including the Navy Yard, the team chose a plot of land near the marina on the Delaware River between the Camden Aquarium and the Susquehanna Bank Center. The tax credits expected to be granted by New Jersey allowed the Sixers to nearly double the size of their original plans. The Camden facility is expected to be more than 100,000 square feet and will house the business and basketball operations for the organization. One person familiar with the situation said the Sixers want it to be the “Taj Mahal” of NBA practice facilities.

The Sixers have rented space at the Philadelphia College of Osteopathic Medicine since 1999. Sixers head coach Brett Brown said having a new facility is “crucial” to player development and “a big part of why I was attracted to this program.”